WHY YOU SHOULD BUY BITCOINS TODAY
WHY YOU SHOULD BUY BITCOINS TODAY
Bitcoin was released to the public in 2009 and ever since it has been increasing in value, today which is just about 11 years after it’s release, Bitcoin is worth about $17000 meaning if you had bought one Bitcoin in 2009 for half a dollar, your half a dollar would be worth 17000 dollars today and if you had decided to save your half a dollar back then, not only will your half a dollar remain half a dollar but today it would purchase less than it would have purchased back in 2009, due to inflation which is constantly reducing the value of money.
A major reason to get some Bitcoin is the concept of demand and supply guarding the price of Bitcoin, which is limited supply and unlimited demands. Only 21million bitcoins can exist, once the bitcoins and units of bitcoins scattered among different people adds up to 21million bitcoins, nobody can get anymore bitcoins without buying from people that have some already, which is limited supply as it is capped at 21 million and endless demand as virtually everyone wants to own some. As I’m sure we know, higher demand and lower supply increases value which means bitcoin’s value is destined to keep increasing at a fast pace and at a faster pace on it reaches the 21 million limit, which would be soon.
Inflation is another important reason, inflation touches every currency at some point, back in 2013, 150 naira was enough to get a substantial size loaf of bread, now it costs about 300 naira to purchase that same loaf of bread, that’s what inflation does, reduces the purchasing power of money, that is the exact opposite of bitcoins, because bitcoins is not controlled by any government and any country’s economy, at some point in April this year, 1 Bitcoin was worth $4000 now it’s over $17000 dollars the last time I checked, which means what you would have purchased with 1 Bitcoin at the first quarter of this year, can now be purchased with a quarter of a Bitcoin, meaning you can get 4 of that same commodity with that same one Bitcoin now, all in the space of one year.
The price history since May last year
The reasons are endless, so why save in currencies that are destined to lose value when you can convert your money to bitcoins that is most definitely going to keep increasing in value, see?
It’s very easy to do on the binance app it’s the only app I can recommend for a very easy and straight forward experience https://www.binance.com/en/register?ref=47746482
join binance now for your own good.
Stay safe.
